BUSINESS

All major Asian indices extend their loss as the ECB fails to hold out any hope of immediate action to save the troubled eurozone.

London's busiest shopping centre will close to non-Olympic visitors as Stratford prepares for huge weekend crowds.

Investors disappointed by ECB President Mario Draghi's press conference in Frankfurt as bond purchase programme remains dormant.

US-listed Knight Capital’s stock price plummets by half on news that the major trading technology malfunction that affected 140 shares on NYSE will cost the company $440m in pre-tax losses.

Bank of England rate-setters on the monetary policy committee have held the rate and quantitative easing target as they await the impact of recent actions such as credit easing.

India's captain Mahendra Singh Dhoni tops the list of the world's highest earning cricketers compiled by Forbes, followed by compatriot Sachin Tendulkar, as six Indians feature in the top 10.

Private industry data shows the crippled UK construction sector returning to marginal growth in July, though it is no strong sign that the economy is recovering from recession.

IBTimes Business journalists Lianna Brinded, Shane Croucher and Martin Baccardax run through the big stories of the week in this latest edition of the Business Podcast.

The so-called 'Twitter Games' has highlighted the power of the upstart micro-blogging site as Facebook sinks into silence.

Private industry data shows UK manufacturing collapsing to a worse-than-expected contraction in July in a concerning start to the third quarter for the economy.

The UK-listed bank fulfilled analyst and own expectations and bucked the trend by posting higher profits and bumping up dividend.

Nationwide reported that UK house prices have fallen by 2.6 percent across the year as they fall again in July.

France's second-largest bank sees steep decline in investment banking profit but avoids Libor taint

British Retail Consortium data shows the rising price of food for Britons eased in July, though warns that impending commodity price increases could end the relief.

The blackout in 20 states left more than 600 million people without power - prompting a government inquiry.

Shares in Europe's second-largest bank rise sharply after job cuts placate investor concern over weak investment bank earnings.

Deutsche Bank reveals a significant decline in investment bank and asset management earnings, following a worsening sovereign debt crisis hurting client activity.

BP hit by $6.5bn in costs on reduction of US shale gas asset value and post-Gulf of Mexico oil spill payments plus smaller income from TNK-BP oil production.

Oil giant BP has reported a sharp fall in profits today in the second quarter of the year after it had to cut the value of a number of its key assets. The oil giant posted nearly $5billion in accounting charges.

Unnamed banks cooperate for lower fines in Euribor probe but IBTimes UK takes a look at why most banks would do this anyway to gain a discount on fines.

On 25 July 2012 Britain's Office for National Statistics (ONS) issued its official estimate for the country's second quarter Gross Domestic Product (GDP). A contraction was expected by all and the range amongst economists was between -0.2 per cent and -0.4 per cent. The Telegraph's Angela Monaghan credited Vicky Redwood of Capital Economics with coming nearest and predicting the worst, at -0.5 per cent and so the ONS's -0.7 per cent came as a shock to everybody.

Despite the deepening UK recession, Bank of England rate-setters are unlikely to loosen their monetary policy further by slashing the base rate at their upcoming meeting.

As gaming moves more into the spotlight for big business, IBTimes UK takes a look at how the video games industry and its players have evolved and how ratings restrictions won't stop sales growth

Bank of England data shows worse-than-expected mortgage approval data for June, as a glum economic picture and high deposit requirements weigh heavily.

HSBC reveal extent of alleged Libor manipulation probes in its first half earnings report as CEO admits Europe's biggest bank has "lost its way".

FSA's Martin Wheatley's Libor market review could lead to new laws that would criminalise interest rate market manipulation.

Spain's second recession in three years extends to the second quarter while the IMF say growth won't return until 2014.

UK officials apply Pan-European Game Information (Pegi) ratings system to video games in a bid to crackdown on violent gaming

Mainstream Renewable Power's proposal is for its 450 MW offshore wind project in Scottish territorial waters.